Latest news
Latest news
TwentyFour priced its Dutch prime RMBS refi, Blackstone its sterling logistics CMBS
Blackstone is aiming to execute its CMBS before the market shuts for Global ABS
Second large office CMBS in quick succession after The Soloviev Group sold a $1.7bn New York office CMBS last week
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Mall Funding’s proposal for a rare note extension does not constitute a coerced debt exchange (CDE), according to Fitch. The £1.1bn UK retail CMBS restructuring, which involves a three year extension to 2017 in exchange for an increase in margin, is being put to a vote on July 15.
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The European Central Bank will go public with new haircut and risk assessment schedules for collateral – such as structured finance – it accepts for use in its liquidity framework, according to Jose Manuel Gonzalez-Paramo, executive board member of the central bank
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Meridian Capital has hired veteran commercial mortgage-backed securities executive Chad Johnson as part of a plan to bolster its commercial real estate loan origination platform nationally.
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European investors in securitizations should move toward a U.S. trading style environment and rely less on traditional buy-and-hold techniques to further liquidity in the market, participants on a trading panel at Global ABS in London said Tuesday.
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A restructuring plan proposed yesterday for the £1.44 billion ($2.09 billion) commercial mortgage securitization Mall Funding would extend the notes three years and inject £155 million.
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Markit, the international financial data firm, plans to extend its iBoxx index to include European asset-backed securities.
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Philippe Tapernoux, London-based managing director, European securitization and covered bonds at Natixis, left the firm last Friday.
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Mark Graham, former London-based managing director and head of European securitization at Deutsche Bank, has joined UBS as the firm’s head of European Middle East and Africa securitized products.
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The classes of the failed £1.5 billion ($2.15 billion) White Tower 2006-3 commercial mortgage securitization could be fully redeemed if the administrators liquidate the rest of its property in line with the recent £60 million ($86.17 million) Carey Street sale.